First Digital USD (FDUSD) is a Stablecoin, which is a digital currency backed 1:1 by the US Dollar, providing a solution to the traditional cryptocurrency market's volatility issues and making it appealing to investors and merchants. It optimizes financial transactions by lowering costs, increasing speed and accuracy, and ensuring a secure environment. FDUSD significantly simplifies cross-border transactions, lowering fees and processing times. The value stability against the US dollar is maintained by ensuring that the supporting reserve assets meet or exceed the total number of circulating stablecoins, which is handled under strict custodial regulations. Beyond transactional operations, FDUSD enables complicated financial programming like contracts, escrow services, and insurance, all of which are free of middleman influence.
You can view, swap, send and receive FDUSD tokens directly from your MEW Wallet. To receive your FDUSD tokens you can send them to your public wallet address. You can then view them in your MEW Wallet by selecting your wallet and selecting the token from the tokens list. You should see the FDUSD token information page. You can send your FDUSD tokens in your MEW Wallet by clicking the ‘Send’ button and entering the recipient’s wallet address. To swap your FDUSD tokens, you can click the ‘Swap’ button and choose which tokens you want to swap to. However, if the ‘Swap’ button is not active you will need to use a DEX to swap your tokens.